Google and Facebook Dumped in Huge Scam $100m.

Google and Facebook have confirmed that they fell victim in $100m (£77m) scam.In March, it was reported that a lithuanian man had been charged over an email phising attack against "two US-based internet companies" that were not named at the time.

When the Justice Department announced the arrest last month of a man who allegedly swindled more than $100 million from two U.S. tech giants, the news came wrapped in a mystery. The agency didn’t say who was robbed, and nor did it identify the Asian supplier the crook impersonated to pull off the scheme.The mystery is now unraveled. A Fortune investigation, which involved interviews with sources close to law enforcement and other figures, has unearthed the identities of the three unnamed companies plus other details of the case.

Both Facebook and Google have confirmed the fraud and said that they had been able to recoup funds.But they didn’t reveal how much money it had transferred and recouped.

A Google spokeswoman said: We detected this fraud against our vendor management team and promptly alerted the authorities.We recouped the funds.A spokeswoman for Facebook added: “Facebook recovered the bulk of the funds shortly after the incident and has been cooperating with law enforcement in its investigation.”

Security experts said the recent cyber attack highlighted how sophisticated phishing scams are being used to fool even two of the biggest tech companies.

Google and Facebook, are among the largest Internet companies in the word, and have some of the most sophisticated security systems. The case brings to surface the fact that no company, big or small, is fully protected against phishing attacks by cyber criminal.